MGO One Seven LLC Buys Shares of 729 Zebra Technologies Co. (NASDAQ:ZBRA)

MGO One Seven LLC purchased a new position in shares of Zebra Technologies Co. (NASDAQ:ZBRA) in the 4th quarter, according to the company in its most recent filing with the SEC. The fund purchased 729 shares of the industrial products company’s stock, valued at approximately $282,000.

Other institutional investors and hedge funds have also modified their holdings of the company. Creative Financial Designs Inc. ADV lifted its stake in shares of Zebra Technologies by 102.9% in the 4th quarter. Creative Financial Designs Inc. ADV now owns 71 shares of the industrial products company’s stock valued at $27,000 after purchasing an additional 36 shares during the period. Sierra Ocean LLC bought a new stake in Zebra Technologies in the fourth quarter valued at about $28,000. Picton Mahoney Asset Management acquired a new position in Zebra Technologies in the fourth quarter valued at about $31,000. Avalon Trust Co bought a new position in Zebra Technologies during the fourth quarter worth about $35,000. Finally, Fortitude Family Office LLC grew its position in shares of Zebra Technologies by 159.5% during the 4th quarter. Fortitude Family Office LLC now owns 96 shares of the industrial products company’s stock worth $37,000 after buying an additional 59 shares during the period. 91.03% of the stock is owned by institutional investors.

Insider Activity

In other news, Director Anders Gustafsson bought 500 shares of the business’s stock in a transaction that occurred on Monday, February 24th. The stock was acquired at an average cost of $311.00 per share, for a total transaction of $155,500.00. Following the purchase, the director now owns 202,176 shares of the company’s stock, valued at approximately $62,876,736. This trade represents a 0.25 % increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Insiders own 0.84% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on ZBRA shares. Barclays reduced their price objective on shares of Zebra Technologies from $407.00 to $326.00 and set an “equal weight” rating on the stock in a research note on Friday, February 14th. Citigroup decreased their price target on shares of Zebra Technologies from $371.00 to $250.00 and set a “neutral” rating for the company in a report on Monday, April 14th. Needham & Company LLC dropped their price objective on Zebra Technologies from $430.00 to $395.00 and set a “buy” rating on the stock in a research note on Friday, February 14th. Morgan Stanley decreased their target price on Zebra Technologies from $390.00 to $232.00 and set an “equal weight” rating for the company in a research note on Tuesday, April 8th. Finally, Truist Financial dropped their price target on Zebra Technologies from $379.00 to $254.00 and set a “hold” rating on the stock in a research report on Tuesday, April 8th. Five research analysts have rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $343.36.

Zebra Technologies Price Performance

Shares of NASDAQ ZBRA opened at $256.05 on Wednesday. Zebra Technologies Co. has a fifty-two week low of $205.73 and a fifty-two week high of $427.76. The stock has a market capitalization of $13.16 billion, a price-to-earnings ratio of 25.15 and a beta of 1.76. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.43 and a quick ratio of 1.03. The business has a 50-day moving average of $267.02 and a 200-day moving average of $345.28.

Zebra Technologies (NASDAQ:ZBRA) last posted its quarterly earnings results on Thursday, February 13th. The industrial products company reported $3.62 earnings per share for the quarter, missing the consensus estimate of $3.85 by ($0.23). The company had revenue of $1.33 billion for the quarter, compared to analyst estimates of $1.31 billion. Zebra Technologies had a return on equity of 18.34% and a net margin of 10.60%. As a group, sell-side analysts predict that Zebra Technologies Co. will post 13.71 earnings per share for the current fiscal year.

About Zebra Technologies

Zebra Technologies Corporation, together with its subsidiaries, provides enterprise asset intelligence solutions in the automatic identification and data capture solutions industry worldwide. It operates in two segments, Asset Intelligence & Tracking, and Enterprise Visibility & Mobility. The company designs, manufactures, and sells printers that produce labels, wristbands, tickets, receipts, and plastic cards; dye-sublimination thermal card printers that produce images, which are used for personal identification, access control, and financial transactions; radio frequency identification device (RFID) printers that encode data into passive RFID transponders; accessories and options for printers, including carrying cases, vehicle mounts, and battery chargers; stock and customized thermal labels, receipts, ribbons, plastic cards, and RFID tags for printers; and temperature-monitoring labels primarily used in vaccine distribution.